The dangers posed by natural disasters are a source of concern for policymakers. Severe occurrences caused by the devastation may contribute to the economic collapse and increase in sovereign debt. A catastrophe bond (CAT bond) can be utilized to transfer catastrophe risk to the financial...

This paper investigates the dynamic stability of public debt and its solvency condition in the face of crisis periods (1980-2021) in a sample of 11 euro-area countries. The focus is on the feedback loop between the dynamic stability of public debt and interest rates, discounted by economic...

This paper discusses the financial sustainability of demand-led growth models. We assume a supermultiplier growth model in which household consumption is the autonomous component of demand that drives growth and discuss the financial sustainability of such dynamics of growth from the perspective...